LGI Homes Inc (LGIH) Stake Lessened by Hodges Capital Management Inc.

Hodges Capital Management Inc. lessened its stake in LGI Homes Inc (NASDAQ:LGIH) by 90.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,550 shares of the financial services provider’s stock after selling 111,945 shares during the quarter. Hodges Capital Management Inc.’s holdings in LGI Homes were worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of LGI Homes by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 30,595 shares of the financial services provider’s stock worth $1,229,000 after purchasing an additional 200 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of LGI Homes by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 59,729 shares of the financial services provider’s stock worth $2,400,000 after purchasing an additional 393 shares during the last quarter. Royal Bank of Canada raised its position in shares of LGI Homes by 1.4% in the 2nd quarter. Royal Bank of Canada now owns 45,691 shares of the financial services provider’s stock worth $1,836,000 after purchasing an additional 634 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of LGI Homes by 8.7% in the 2nd quarter. Nationwide Fund Advisors now owns 9,817 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 782 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of LGI Homes by 8.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,410 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 840 shares during the last quarter. 90.99% of the stock is owned by hedge funds and other institutional investors.

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In related news, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total value of $1,800,750.00. Following the completion of the sale, the chief executive officer now directly owns 491,233 shares in the company, valued at approximately $35,383,512.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.60% of the stock is currently owned by company insiders.

Several equities analysts have recently issued reports on LGIH shares. ValuEngine raised LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered LGI Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. JMP Securities lifted their price target on LGI Homes from $62.00 to $68.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 8th. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price target (up previously from $55.00) on shares of LGI Homes in a research report on Wednesday, November 8th. Finally, TheStreet raised LGI Homes from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. LGI Homes currently has a consensus rating of “Buy” and a consensus target price of $59.33.

Shares of LGI Homes Inc (NASDAQ LGIH) opened at $59.51 on Friday. LGI Homes Inc has a twelve month low of $27.28 and a twelve month high of $79.55. The company has a market capitalization of $1,283.62, a PE ratio of 13.67, a P/E/G ratio of 0.91 and a beta of 0.09. The company has a debt-to-equity ratio of 1.04, a current ratio of 8.91 and a quick ratio of 0.86.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The company had revenue of $365.90 million during the quarter, compared to the consensus estimate of $355.81 million. During the same period last year, the company earned $0.86 EPS. LGI Homes’s revenue for the quarter was up 69.2% on a year-over-year basis. analysts predict that LGI Homes Inc will post 4.69 earnings per share for the current fiscal year.

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LGI Homes Company Profile

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

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